Today’s News Synopsis:
529 plans now cover a wider range of qualified expenses—from tutoring and licensing to continuing education and high school dual enrollment courses.
In The News:
CNBC – “Trump’s new tax law expands 529 savings plan uses as families gear up for back to school“ (08-20-25)
“As back-to-school season gets underway, parents have many more ways they can spend funds in 529 college savings plans this year, due to President Donald Trump’s “big beautiful bill.”“
Redfin – “The Mortgage Spread Has Dropped to a 3-Year Low. That’s Good News For Homebuyers and Refinancers.” (08-25-2025)
“The difference between mortgage rates and the 10-year treasury yield has narrowed, signaling a potential boost for homebuyers. A decrease in the mortgage spread can cause mortgage rates to fall, even without the Fed cutting interest rates. ”
ScotsmanGuide – “New bill aims at boosting affordable housing in rural communities“ (08-18-25)
“The bipartisan Rural Housing Service Reform Act would modernize USDA programs”
PremierePlus Realty – “Beyond Redfin: Zown bets on AI, salaried agents and buyer rebates“ (08-26-25)
“Zown’s model aims to overhaul the way real estate agents work by introducing AI and specialization. “Most of the time that a Realtor spends is actually on lead generation, lead nurturing, cold calling, knocking on doors… rather than negotiating or getting deals done.””
Realtor.com – “S&P CoreLogic Case-Shiller Index: National Home Price Growth Eases to 1.9% in June” (08-26-2025)
“The S&P CoreLogic Case-Shiller Index showed a further slowdown in home price growth in June, with the national index rising 1.9% year over year, down from 2.3% in May, as affordability constraints, elevated supply, and uneven regional demand continue to weigh on housing activity. This month’s release reflects sales from April through June, a period of stable mortgage rates below 7%, muted buyer sentiment, and growing price sensitivity.”
California Real Estate Investor Events
Bruce Norris will be the keynote speaker at the Fliphacking event in San Diego on Tuesday, Oct 12.
The Norris Group presents its award-winning black-tie event I Survived Real Estate 2023 on Friday, October 27.
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